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$825,000
Est. payment /mo
4,499 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Alameda County
MLS Listing ID 41109999
HOA Y/N No
Year Built 1922
Lot Size 4,499 Sqft
Property Description
Welcome to 808 61st Street—where the location is unbeatable, the bones are solid, and the rent… well, it's mostly a theory at this point. Several units are currently not paying rent, which is either a tragedy or a setup for one of the best-value adds you'll see this year. Priced at just $825,000, this five-unit property is tucked into North Oakland's Santa Fe neighborhood—just minutes to Ashby BART, UCSF Benioff Children's Hospital, and Temescal's café scene. With a 96 Walk Score and 98 BikeScore, this is a commuter's dream and a landlord's “someday soon” payday. The building spans approx. 3,262 sq ft across a ~4,500 sq ft lot, with a mix of unit types: studios, 1BDs, 2BDs, and a 3BD layout—split between a fourplex facing 61st and a single unit above the garage on MLK Jr Way. Once stabilized, the projected CAP is around 10%, offering huge upside for investors with a strong stomach and a game plan. It's not for the faint of heart—but for the bold, this is a rare under-$1M entry into a well-located Oakland asset with long-term gains written all over it.
Location
State CA
County Alameda
Interior
Heating Electric, Natural Gas, Wall Furnace
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Roof Type Shingle,Tar/Gravel
Total Parking Spaces 5
Building
Lot Description Street Level
Others
Tax ID 16143442
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Listed by Joey Wang Keller Williams Realty
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